AMC Networks is negotiating to obtain a big stake in BBC America, the U.S.-based channel of BBC Worldwide. Bloomberg reports that AMC is trying to buy half of BBC America.
BBC Worldwide is looking for a partnership where the channel can tap into AMC’s ad sales and distribution. The article notes that a deal “isn’t assured.”
BBC America may be valued at about $200 million, according to an estimate from Macquarie Securities analyst Amy Yong.
Under the terms that are being discussed, AMC would pay cash, while BBC Worldwide would retain majority ownership and control the brand. The deal would allow BBC Worldwide to trim costs and also work with AMC’s programming group.
AMC would also negotiate new fee agreements with pay-TV providers on BBC America’s behalf, along with its own networks, the piece adds.
AMC and BBC have co-produced shows such as “The Honorable Woman,” which debuts this week on AMC’s Sundance TV. BBC America, which was created in 1998, is known for shows such as “Doctor Who” and “Orphan Black.”